SDSol: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SDSol
Largest movements
- Receivables within one year +€65,988
up €65,988 (+107.6%), from €61,349 to €127,337
of which Trade receivables: +€66,651
- Cash -€62,932
down €62,932 (-41.8%), from €150,490 to €87,558
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€65,988)
- Tangible fixed assets +€33,995
up €33,995 (+1614.0%), from €2,106 to €36,101
of which Furniture and vehicles: +€32,498
- Other debts +€81,277
up €81,277 (+265.8%), from €30,583 to €111,860
- Reserves -€65,601
down €65,601 (-97.4%), from €67,341 to €1,740
- Tax, wage and social debts +€20,953
up €20,953 (+154.5%), from €13,560 to €34,513
of which Taxes: +€19,103
- Gross operating margin +€56,895
up €56,895 (+111.5%), from €51,017 to €107,912
- Taxes +€9,393
up €9,393 (+112.2%), from €8,371 to €17,764
- Depreciation +€2,620
up €2,620 (+28.9%), from €9,073 to €11,693
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,877 | €253,223 | +€37,346 | +17.3% |
| Formation expenses | 20 | €322 | €162 | -€160 | -49.7% |
| Fixed assets | 21/28 | €3,106 | €37,101 | +€33,995 | +1094.4% |
| Tangible fixed assets | 22/27 | €2,106 | €36,101 | +€33,995 | +1614.0% |
| Plant, machinery and equipment | 23 | - | €1,497 | +€1,497 | |
| Furniture and vehicles | 24 | €2,106 | €34,604 | +€32,498 | +1543.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €212,449 | €215,960 | +€3,511 | +1.7% |
| Amounts receivable within one year | 40/41 | €61,349 | €127,337 | +€65,988 | +107.6% |
| Trade receivables | 40 | €685 | €67,337 | +€66,651 | +9725.6% |
| Other amounts receivable | 41 | €60,663 | €60,000 | -€663 | -1.1% |
| Cash at bank and in hand | 54/58 | €150,490 | €87,558 | -€62,932 | -41.8% |
| Deferred charges and accrued income | 490/1 | €610 | €1,065 | +€455 | +74.5% |
| Total equity and liabilities | 10/49 | €215,877 | €253,223 | +€37,346 | +17.3% |
| Equity | 10/15 | €117,341 | €51,740 | -€65,601 | -55.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €67,341 | €1,740 | -€65,601 | -97.4% |
| Distributable reserves | 133 | €67,341 | €1,740 | -€65,601 | -97.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €98,536 | €201,483 | +€102,946 | +104.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,526 | €147,943 | +€103,416 | +232.3% |
| Trade debts | 44 | €383 | €1,569 | +€1,186 | +309.4% |
| Suppliers | 440/4 | €383 | €1,569 | +€1,186 | +309.4% |
| Taxes, remuneration and social security | 45 | €13,560 | €34,513 | +€20,953 | +154.5% |
| Taxes | 450/3 | €13,560 | €32,663 | +€19,103 | +140.9% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €30,583 | €111,860 | +€81,277 | +265.8% |
| Accrued charges and deferred income | 492/3 | €4,010 | €3,540 | -€470 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,073 | €11,693 | +€2,620 | +28.9% |
| Other operating charges | 640/8 | €1,311 | €429 | -€882 | -67.3% |
| Gross operating margin | 9900 | €51,017 | €107,912 | +€56,895 | +111.5% |
| Operating profit (loss) | 9901 | €40,633 | €95,790 | +€55,158 | +135.7% |
| Financial income | 75/76B | €9 | €2 | -€8 | -80.1% |
| Recurring financial income | 75 | €9 | €2 | -€8 | -80.1% |
| Financial charges | 65/66B | €4,103 | €3,629 | -€474 | -11.6% |
| Recurring financial charges | 65 | €4,103 | €3,629 | -€474 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €36,539 | €92,163 | +€55,624 | +152.2% |
| Income taxes | 67/77 | €8,371 | €17,764 | +€9,393 | +112.2% |
| Profit (loss) for the period | 9904 | €28,168 | €74,399 | +€46,231 | +164.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,168 | €74,399 | +€46,231 | +164.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.